Given the Following Information for Gregg Corporation,prepare the Necessary Journal

question 102

Essay

Given the following information for Gregg Corporation,prepare the necessary journal entries,assuming that the Raw Material Inventory account contains both direct and indirect material.
a. Purchased raw material on account $45,500.
b. Put material into production: $28,000 of direct material and $5,000 of indirect material.
c. Accrued payroll of $95,000, of which 65 percent was direct and the remainder was indirect.
d. Incurred and paid other overhead items of $42,000.
e. Transferred items costing $92,500 to finished goods.
f. Sold goods costing $79,900 on account for $134,200.